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While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous growth model that reconciles the current aggregate...
Persistent link: https://www.econbiz.de/10009659333
In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen...
Persistent link: https://www.econbiz.de/10003857130
Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...
Persistent link: https://www.econbiz.de/10012668490
efficiency of 450 European universities between 2011 and 2014. The novelty of our approach lies in its extended coverage of …. Exploring potential efficiency drivers, we uncover considerable effect heterogeneity between subject clusters, which is … seek external funding are largely identified to be primary efficiency drivers. …
Persistent link: https://www.econbiz.de/10012154760
and medium sized enterprises (SMEs) to adopt different types of resource efficiency measures (REMs), possibly …
Persistent link: https://www.econbiz.de/10014435290
Persistent link: https://www.econbiz.de/10003635240
This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in a two-country overlapping generations model with producer carbon emissions. We show that, for a net foreign debtor country, the domestic welfare costs of a unilateral domestic...
Persistent link: https://www.econbiz.de/10003882562
infracting upon productive efficiency. The mechanism employs a contest creating incentives among participating nations to …
Persistent link: https://www.econbiz.de/10009772819
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...
Persistent link: https://www.econbiz.de/10011405188
investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling …
Persistent link: https://www.econbiz.de/10010464693